Problems with a property, such as a faulty hot water system, should be dealt with before settlement.

Why 10 days grace may not mean what you think it does

The Joint Form of General Conditions refers to a 10-day “claim for compensation” period – but it’s unwise to rely on this when it comes to reporting faults in a property. Rather, buyers should thoroughly inspect the property and ensure that any problems are dealt with before settlement. However, a recent settlement case has highlighted …